Closing Bell- Markets end higher led by Tata Motors, BPCL, Coal India, Adani stocks soar ahead of SC hearing’ Nifty ends above 19850

Closing Bell: Markets end higher led by Tata Motors, BPCL, Coal India, Adani stocks soar ahead of SC hearing’ Nifty ends above 19850

The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21. Bank Nifty index jumped 111.85 points or 0.26% to settle at 43,880.95.

The broader indices ended largely in positive territory, with gains led by Midcap and Smallcap stocks. Oil & Gas and Auto stocks outperformed among the other sectoral indices while Healthcare, and Pharma stocks shed.

Nair also said that,Oil prices are stable ahead of the OPEC meeting and OMCs stand to benefit from the ease. Metal sector gained in line with expectations of Chinese stimulus, and PSU banks are doing well due to better peer performance. The market may await state exit polls for further cues, in the short-term.

Adani Enterprises, Adani Ports and SEZ, Tata Motors, BPCL, and Coal India were the top gainers on the NSE Nifty 50, while the laggards included Cipla, Apollo Hospitals, Hindustan Unilever, Sun Pharma, and ITC.

The Indian Volatility Index (India VIX) closed up by 7.45%.